OZ Impact Funds (now known as Roots Management Group) Employee Directory
Real EstateUtah, United States1 Employees
OZ Impact Funds, now known as Roots Management Group, operates in the real estate sector from Salt Lake City, Utah. It has established multiple Qualified Opportunity Funds to channel private investment into distressed communities in line with the Opportunity Zones program created by the 2017 Tax Cuts and Jobs Act. The funds focus on assets with solid real estate fundamentals and are designed to deliver tax incentives to investors who reinvest unrealized capital gains, including deferral of gains, partial basis step-ups, and potential permanent exclusion after ten years. The firm’s target customers are investors seeking long-term, tax-advantaged exposure to real estate that supports community development objectives. In December 2020, OZ Impact Funds acquired 21 manufactured housing communities from Strive Communities, totaling 2,740 pads across five midwestern states.